Market News

Chinese drone maker SZ DJI Technology secured a $75 million investment this week that values the company at roughly $8 billion.

The Securities and Exchange Commission prevails against around 90% of defendants when it sends enforcement cases to its administrative law judges rather than to federal courts.

The proxy battle between DuPont and Trian Fund Management involves financial institutions that manage billions, but the outcome may depend on individual investors.

About one-third of Bank of America Corp. shareholders voted against board member Tom May, a sign that some investors are growing unhappy with the oversight and governance at the bank.

U.S. stocks closed higher Thursday, with the Dow Jones Industrial Average gaining nearly 100 points, as investors look ahead to Friday's pivotal jobs report for April. Thursday's gains were driven by the technology secto...

Fannie Mae's latest quarterly results show the mortgage giant is getting cut down to a smaller size.

San Francisco-based fitness tracker maker Fitbit filed with the U.S. Security and Exchange Comission for a $100 million inital public offering on Thursday. It plans to list on the New York Stock Exchange under the ticker...

UBS is again seeking to build its investment banking business--though this time with more modest ambitions.

Fitbit, which makes wearable fitness trackers, filed for an initial public offering on Thursday afternoon.

Bids at 30 April auction sign that some foreign investors moving in at longer end of the yield curve, say bond dealers

As investors have piled into China, sending stocks soaring, markets nearby in Southeast Asia are languishing as some of the world's worst performers this year.

Looking at the sectors faring worst as of midday Thursday, shares of Energy companies are underperforming other sectors, showing a 2.0% loss. Within that group, Noble Corp plc (NYSE: NE) and Diamond Offshore Drilling, In...

The best performing sector as of midday Thursday is the Financial sector, up 0.9%. Within that group, Essex Property Trust, Inc. (NYSE: ESS) and Equity Residential (NYSE: EQR) are two large stocks leading the way, showin...

The past week or two has seen an unprecedented rout in bond markets with German ten year bunds being the prime example. German ten year bund yields hit a record low of 0.05% on 13 April. But yields then rebounded to 0.74...

Phillips 66 (PSX) has declared a quarterly dividend of 56 cents per share on Phillips 66 common stock, representing an increase of 12 percent from the prior quarter. The dividend is payable on June 1, 2015, to shareholde...

Social gaming company Zynga's share price has slumped by about 40% over the past year owing to various challenges in its business model. Though our $2.30 price estimate for the company represents near-5% downside to the ...

The SPDR S&P Global Natural Resources ETF (GNR) is seeing unusually high volume in afternoon trading Thursday, with over 636,000 shares traded versus three month average volume of about 119,000. Shares of GNR were off ab...

In trading on Thursday, the SPDR S&P Transportation ETF (XTN) is outperforming other ETFs, up about 2% on the day. Components of that ETF showing particular strength include shares of Park Ohio Holdings (PKOH), up about ...

In trading on Thursday, oil & gas exploration & production shares were relative laggards, down on the day by about 3.3%. Helping drag down the group were shares of Swift Energy Company (SFY), off about 14.8% and shares o...

The highlight of the company's fiscal 2015 report was the company's non-GAAP operating margins, which were 500 basis points above the guidance at 25% given at the start of the year. EA mentioned that it will take 3 years...

In trading on Thursday, trucking shares were relative leaders, up on the day by about 5.8%. Leading the group were shares of Quality Distribution (QLTY), up about 60.6% and shares of USA Truck (USAK) up about 5.6% on the...

Federal demand improved and the order pipeline was healthy, signaling that the impact of narrowbanding in North America from prior years had started to weaken. In line with the company's guidance, overall revenues margin...